Hyperloop One to rebrand as ‘Virgin Hyperloop One’ as Richard Branson joins board
Friday, 13 October 2017 () Hyperloop One, the company building the new-age hyperloop transportation system has entered into a strategic partnership with Richard Branson’s Virgin Group. As part of the partnership, Branson joins the board of directors of Hyperloop One, which will now be rebranded as Virgin Hyperloop One over the coming months. Hyperloop One raised $85 million in a new funding last month, which includes the investment from Virgin. Irrespective of the rebranding, the core task of the company will remain the same – building laser fast transportation system for passenger and mixed-use cargo service. The technology makes use of electric propulsion to transport pods through a low-pressure tube. With magnetic levitation, the pod lifts above the tracks and glides at airline speeds for
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